a Digital Marketing Company ?
You can be sure that you will find a definitive answer to this question at the end of the guide. You will also find answers to the following questions;
How long can this work be carried out as a freelancer?
Will I pay taxes?
What kind of work is done in an llc to be formed in Usa?
Costs of a digital marketing business.
If you're ready, let's get into it!
Part 1: Difficulties in Doing Business as a Freelance
Freelancing may sound very nice because you earn money with zero expenses.
However, after a certain period of time, it may not be enough to grow the business or take it to the next level, and some difficulties may arise.
Rather than working as a freelancer, it may make sense to set up an LLC company for your digital marketing business in Usa when things get better.
You can form an llc in your country, but;
Accountant, withholding tax, office, insurance etc. Many monthly expenses such as these may wear you out in the beginning.
Are there no costs in Usa?
Of course there is, but it is not this loud and abrasive.
Part 2: Things to Know to Start a Digital Marketing Company in Usa
In this section, we will talk about the details you need to know in general. We have divided the topic into sections so that we can explain it to you more easily without getting confusing.
We also did some Q&A.
Why Should You Start a Digital Marketing Company?
The biggest problems experienced in our country in the process of working freelance without an llc are as follows;
- Not being able to pay invoices
- Failure to instill trust in customers
- Not giving the impression of a corporate company
- Not being able to receive payments online from credit cards
- Not being able to open a business bank account
If you are dealing with digital marketing or are planning to enter this business, forming an llc in Turkey will be quite costly at the first stage.
In addition, you need to consider the ongoing costs, taxes and expenses after installation.
Forming an llc in Usa and being able to receive payments by credit card from your customers and issue service invoices to your customers will greatly strengthen your hand compared to the freelancing system.
Invoicing and Accounting Transactions
After forming an LLC company in Usa for your Digital Marketing business, you have the convenience of billing your customers. You can do this with software or a spreadsheet.
"Issuing an Invoice from a Company in America" on the subject .
You can also keep your preliminary accounting yourself.
To do this, you can record all your income and expenses in a spreadsheet. Or you can automate this in a more professional way.
How?
By using cloud-based software for this.
Freshbooks or Quickbooks are ideal for this job. By integrating these software into your website, you can automatically keep your cash accounting (pre-accounting) in these software.
You can even connect these software to platforms such as Mercurybank and Stripe and automate everything.
You can even go one step further and use this software to have your tax declaration automatically prepared at the end of the year (if you are taxed in the USA) by authorizing your advisor in the USA.
Pretty cool, right?
Can my customer show the invoice I issued from my company as an expense?
Yes this is possible.
Moreover, the invoices you issue from your foreign company can be used by your customers.
The subject is explained quite clearly in section (B) of the Tax Procedure Law General Communiqué numbered 253, titled "Transactions Regarding Documents Received in Exchange for Works and Services Provided to Taxpayers Operating Abroad" .
Since these types of foreign invoices are shown as expenses within the framework of the law, you will not encounter any problems on the regulatory side of the matter. However, it would be beneficial to consult a qualified consultant in Turkey.
You can issue your invoice in Turkish and give it to your customer so that they can show expenses.
After forming your company, you can quickly start issuing invoices for the services you provide.
Will I Pay Taxes for My Digital Marketing Company in Usa?
A foreign, single-member LLC qualifies as a disregarded entity in the United States.
If your source of income is not from U.S. citizens, you will not pay income tax.
Additionally, since your LLC is not physically located in the United States (office, shop, etc.), you do not pay state tax to the state where you formed the company. No matter which state you form the company in, the situation does not change.
How Will I Receive My Payment? Will I Have a Bank Account?
Yes, once you form an LLC company in Usa and have an EIN number for your company, you will be able to open a bank account for your company.
We have included details about EIN in the rest of the guide.
Let's look at the payment receiving part first.
the payments you collect from your customers via credit card to a digital bank such as Mercurybank or Wise
Your money is now in your digital bank in the USA.
What happens now?
You can easily transfer the money you earn to your country through these digital banks.
At this stage, if you do not want the cash flow coming to Turkish banks to attract the attention of a tax auditor, you can benefit from asset peace.
As long as you declare income abroad, it has been possible for years to transfer it to Turkey within the scope of asset settlement without being subject to tax audit.
Meanwhile, the Peace of Existence has been extended until 2023. You should also examine this important issue in detail.
Benefiting from this tax peace can protect you from tax penalties that may arise as a result of audits in the future.
If you are still not comfortable, you can get professional support from a consultant on this issue.
What Services Does a Digital Marketing Company Include?
You can provide multiple services as an agency within a digital marketing company.
In fact, these services depend on your capabilities or outsourcing.
If you only know how to manage advertising, you can do that job, but when a web design need arises, you can outsource it.
You can hire freelance experts to do jobs you don't know about.
Advertising Management
You can manage your customers' Facebook, Google ads, TikTok, Linkedin or Instagram ads.
During the payment phase, you can have them pay the advertising expenses to your company, or you can have them pay with credit cards via Facebook (Meta) or Google ads.
It all depends on your type of business.
If they want to make the payment with their own credit card, you will only collect your monthly service fee from your customer.
You can easily do this via credit card from your website.
If you agree on all advertising expenses + service fee, you first collect all expenses from the customer in advance and make the advertising platform payments.
So the working system depends entirely on you and your customer.
Web Design Service
When you have a digital marketing company or agency, your customers may ask you for web design or funnel installation services. In line with your abilities, you can offer these types of services to them, receive your payment and issue your invoice.
SEO Service and Backlink Packages
SEO service is a subcategory of digital marketing. You can also sell backlink packages along with SEO services. To sell this type of backlink packages, you can sell online services with a credit card by integrating your website with Stripe
Design, Video and Graphic Services
You may have clients who need graphic design services in line with your skills. You can prepare designs such as brochures, flyers, inserts, graphics and banners and sell them from your website with a credit card.
Part 3: How to Start a Digital Marketing Company?
After obtaining general information so far, you can now decide and take steps to form a Digital Marketing company in Usa.
Costs of Forming a Digital Marketing Company
By following the methods in our blog, dozens of entrepreneurs have formed their companies in Usa to operate for various purposes.
These entrepreneurs also include digital marketing experts.
Positive feedback from dozens of successful entrepreneurs who formed their companies with our methods and guides;
Check out other reviews: https://g.page/r/CQs4PBtL9I0nEB0/review
Entrepreneurs generally choose the state of New Mexico for cost-effective company formment because its setup fees and annual payments are quite low.
You may say that New Mexico is a very advantageous state, but I am thinking of a different state.
If you are considering another state to establish a company, Cost of Establishing a Company in America guide.
Meanwhile, New Mexico has no annual reporting requirements to the state each year.
Now let's talk a little about the numbers;
New Mexico company setup: $89 including US company address. You can set up with Northwest
Getting an EIN for Your Company: Free. Get an EIN, a tax identification number for your company.
You can apply for this as soon as the company is established. If you want, a step-by-step guide here, you can apply yourself for free.
the Free EIN Application Campaign during the campaign we are currently running. With our reference, we make EIN applications free of charge for LLC setups made through Northwest.
Opening a Bank Account: It is free. ( You can choose digital banks such as TransferWise or MercuryBank
Opening a Stripe Account for virtual POS: It is free. In order to receive payments from credit cards, you need a payment gateway such as Stripe. You can open an account
When you look at the total, you will spend around 89 USD for this type of formation.
Pretty convenient, right?
Part 4: Company Formment Process
Starting a digital marketing company or starting an e-commerce company is no different for a US LLC.
That's why our step-by-step guide on company formation in the USA will guide you through the process of forming your company.
Forming an LLC Company in New Mexico
For installation, go to the guide below and start setting up your company step by step.
In the state of New Mexico, the LLC company formation process is completed in 2-3 days in total.
Next, you need to apply for a tax identification number (EIN) for your company and wait for the EIN to arrive.
Applying for a Tax Identification Identification (EIN)
After your company is formed and your documents are delivered digitally, the first thing you need to do is to apply for an EIN.
There are two methods to get Ein;
- Applying on your own: After your company is established, you can apply for an EIN yourself by following the steps in the Getting an EIN Number from America But apply carefully, as even the slightest mistake in the form will set you back another 2 months.
- Take Advantage of Our Campaign: the Free EIN Application Campaign during the campaign we are currently running. With our reference, we make EIN applications free of charge in LLC setups made through Northwest.
Chapter 5: Opening a Bank Account
Once your digital marketing company is formed and your EIN is received, you can now open a bank account in Usa.
There are a few options for this. The most well-known of these are Mercurybank , Payoneer Business and Wise Corporate.
These digital banks allow you to open an account without having to travel to Usa.
You can open an account for free with your EIN number and company information.
Part 6: Receiving Payments from Credit Cards (Stripe)
After the company installation, EIN provision and bank account opening are completed, it is time to join a payment gateway (virtual POS) system so that you can receive payments.
Stripe is the undisputed world leader in this regard.
It is completely entrepreneur-friendly, both in terms of the tools it contains and its convenience in the approval process for a US LLC.
We will not go into long details about opening a Stripe account here because we already have a detailed guide that includes this.
Once all the requirements are completed, you can now open your Stripe account.
Once your website and other requirements are completed, you can apply for Stripe.
You can access the Stripe account opening guide from the link below.
You can also benefit from some of the startup ecosystems offered by Stripe in collaboration with Amazon AWS. For this, check out the guide below.
Section 7: Invoice
We touched on the invoice issue in the first part of the article, but it is useful to go over it again.
Issuing an Invoice from a Digital Marketing Company
After setting up an llc in the USA and taking care of the payment and bank account process, your next job as an e-commerce business owner is to issue invoices.
You can use an online invoicing system.
We can give FreshBooks as the most professional example of this.
FreshBooks trial version here .
We recommend that you at least become a free member and see their skills and what they can do.
With the $15/month package, you can invoice unlimited customers and keep your own online accounting. This software is a complete accounting system.
It has numerous capabilities such as invoicing the customer, automatic sending of invoices via e-mail, integration with all e-commerce applications such as Stripe, Shopify, Woocommerce, monthly, annual, daily sales reporting and templates.
We have a comprehensive guide on invoicing processes for your Digital Marketing company.
Click the link below to access this guide.
Conclusion
This guide may seem quite long, but we wanted everything to be complete while creating the guide.
This way, we will help you foresee the obstacles you may encounter in the future.
When you gradually take all these steps, established a foreign Digital Marketing Company that .
We wish you success in your new job.
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